Job* : Institutional Banking
Primary Location : Africa & Middle East-Egypt-New Cairo
Schedule : Full-time
Employee Status : Permanent
Posting Date : 14/Jul/2023, 5:10:45 AM
Unposting Date : Ongoing
RESPONSIBILITIES
Strategy
FM Head, Egypt
* Has overall responsibility for the development and execution of the FM Strategy for Egypt, including:
* Leading the individual country FM teams to deliver the FM strategic plan
* Interpret and implement client strategy (and exceptions) including appropriateness and suitability at the country level consistent with the Global FM Strategy
* Collaborate with Country CEOs who are responsible for implementing the country and regional strategies for the Group and ensuring that the overall CIB & FM businesses are aligned with the needs and business plans of individual country operations
* Internal stakeholder management:
* Across CIB and the broader Franchise - ensuring the firm has transparency on the FM business, seek stakeholder support for FM needs and provide feedback to AME FM Head on country stakeholder priorities/concerns
* FM staff in country - ensuring engagement of frontline staff and managing people issues in partnership with line managers
Macro Trading, Egypt
* Set the strategic direction of and oversee management of performance Macro Trading Egypt
* Develop Macro Trading Egypt specific strategies which maximize shareholder value and are aligned to and in furtherance of the overall strategic direction of Financial Markets
* Work with Product Heads to identify the initiatives to grow the Macro Trading business
* Drive the TPI of the Macro Trading team via a strategic portfolio mix.
* Support the development of Egypt bond trading desks and promote the product across the client base covering their needs. Support the DCM efforts around supras/sovereigns/ agencies from the trading perspective when needed.
* Act as a Benchmark Rate Submitter (For WACER) and follow policies of WB Compliance for this activity.
* Awareness and understanding of Group's business strategy and model appropriate to the role.
Business
FM Head, Egypt
* Accountable for FM budget, costs and revenue in Egypt.
* Deliver against targeted RoE, RWAs and budgets with appropriate risk management
* Work with CCIB, bridging any product, segment and geographical silos to grow the FM wallet with our key stakeholders
* Active performance monitoring: identify areas of underperformance and take appropriate corrective action(s)
* Provide direction, migrate best practices, challenge country / region performance and utilize MIS to drive results
* Identify and resolve any business blockages
Macro Trading, Egypt
* Accountable for setting achievable FM Egypt performance targets relating to revenue and cost.
* Manage the implementation of FM Egypt specific strategies and ensure that performance objectives and revenue goals are met and RWA targets managed
* Build stronger and deeper relationships with clients and government regulators by bridging silos across the other Products and Segments
* Enhance the Bank's image and profile in the Egypt market and establish SCB as a "name" player in the respective local debt markets and up-tier SCB's market presence.
* Active performance monitoring - spot areas of underperformance and take corrective actions.
* Drive new product migration and implementation as necessary
* Enhance the standards of the back-office support for the desk, providing training and advice when necessary and closely monitoring actions. Facilitate the middle office and risk manager's teams' duties
* Work with Product Heads to identify the initiatives to grow the Macro Trading franchise in Egypt
* Strengthen the firm's name in the market, both in front of clients and other dealers, as an active market participant and liquidity provider throughout the year, therefore resulting in an improvement in the Bank's position in the end user surveys
* Organize meetings with Sales & Structurers to strengthen partnership and better understand their needs, preparation of marketing emails and educational presentations that allow the sales force to sell the product in a more professional manner
* Awareness and understanding of the wider business, economic and market environment in which the Group operates
Processes
* Manage Financial Markets processes for Egypt, as allocated within the FM process universe in line with ERMF and their associated risks, including activities within the processes which are hubbed or outsourced.
* Aim for all processes to be adhered to the across Egypt, in the line with approved policies and procedures with remediation pursued when relevant.
* Continuously improve the operational efficiency and effectiveness of processes to increase productivity and reduce operational risk.
* Accountable for establishing and maintaining frameworks to ensure FM Egypt business processes are efficient, appropriate and compliant with all internal and external regulations
People & Talent
* Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners
* Ensure the provision of ongoing training and development of people
* Employ, engage and retain high quality people, ensuring that holders of all critical functions are suitably skilled and qualified for their roles, and they have effective supervision in place to mitigate any risks
* Responsibility to review team structure / capacity plans and succession planning for critical roles
* Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards
* Encourage staff to 'speak up' in the event of any realised or perceived breach of group conduct rules or laws by colleagues
* Develop strategic resourcing approach with respective country HR to ensure robust identification, selection of key critical hires and development of appropriate talents across Egypt to deliver strategy
* Develop succession plan for self and key reports and support functions in the region
* Commit to diversity and inclusion principle in hiring approach
* Inspire people through leading by example and living the values
* Ensure that performance is also measured by reference to risk and control culture.
* Lead and reinforce strategic change and ensure the organization structure and people programs are aligned and geared towards the overall strategic direction of the FM business in Egypt
* Provide leadership, mentoring and coaching to FM Egypt team in order to ensure they are highly engaged and performing to their potential
* Set and monitor job descriptions and objectives for direct report(s) and provide feedback and rewards in line with their performance against those responsibilities and objectives
Risk Management
* Embed operational risk management and reporting as an integral part of the business process
* Ensure that adequate and appropriate systems and controls are in place to comply with Group and Business policies, procedures, standards and codes
* Monitor all major risk issues and concentrations. Where appropriate, direct remedial action and/or ensure adequate reporting to Risk Committees
* Act as the FM Egypt risk control owner under the Group's Risk Management Framework
Governance
* Promote an environment where compliance with internal control functions and the external regulatory framework is a central priority of the business
* Establish, maintain and supervise the framework to ensure business functions under my area of
* Responsibility comply with internal policies, procedures, codes and applicable external laws and
* Regulations and adhere to the expected high standards set out in the FM Code of Conduct
* Manage the implementation of FM Egypt specific strategies and ensure that performance objectives and long term economic profit (EP) goals are met
* Ensure the overall targets relating to budget are cascaded to teams with appropriate product targets and performance delivery on targets is proactively managed.
* The FM Head will not have accountability for the T-M responsibilities, which ultimately form part of the Senior Manager Responsibilities and thus do not form part of the FM Head line manager's accountability.
Regulatory & Business Conduct
* Display exemplary conduct and live by the Group's Values and Code of Conduct.
* Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
* Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
* Lead the FM Egypt to achieve the outcomes set out in the Bank's Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
* Central Bank of Egypt and PRA/FCA prescribed responsibilities and Rationale for allocation.
* Awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
* Responsible for ensuring regulatory compliance across Egypt and overseeing regulatory interaction on behalf of FM, including engaging with regulators where applicable and working with them in an open and cooperative manner.
Key stakeholders
Internal
* Regional FM Head
* Head of Sales, Trading, TRM, Legal and Compliance, CCIB, Capital Markets, Treasury Markets, Research, Structuring and Support
* Country CEO
* Country Leadership Team members
* Regional Management Group members
* AME BMT Regional GM Heads and FM Product Heads
* ALCO
* FM ExCO
External
* Key and potential clients
* Local and regional regulators
* Other Financial Services organizations and relevant trade bodies and associations in MENA and Egypt
* Media
* Relevant trade bodies and associations
Other Responsibilities
* Embed Here for good and Group's brand and values in Egypt Financial Markets team;
* Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
* Multiple functions(double hats) - Head, FM Egypt and Head, Macro Trading, Egypt
* Follow FM Code of Conduct, Compliance manual and Supervision Principles
QUALIFICATIONS
EDUCATION
* ACADEMIC OR PROFESSIONAL EDUCATION/QUALIFICATIONS - MASTERS OR HIGHER
LANGUAGES
* ENGLISH AND ARABIC
ROLE SPECIFIC TECHNICAL COMPETENCIES
* Cross - Selling
* Financial Risk Management
* Customer Behaviour and Preferences
* Financial Mathematics
* Investment Performance Measurement
* Investment Risk Economics and Finance
* Investments
* Market Risk
* Securities Laws and Regulations (SLR) Compliance
* Service Excellence
* Trading
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For
more than 160 years, we've worked to make a positive difference for our
clients, communities, and each other. We question the status quo, love a
challenge and enjoy finding new opportunities to grow and do better than
before. If you're looking for a career with purpose and you want to work for a
bank making a difference, we want to hear from you. You can count on us to
celebrate your unique talents. And we can't wait to see the talents you can
bring us.
Our purpose, to drive commerce and prosperity through our unique diversity,
together with our brand promise, to be here for good are achieved by how we
each live our valued behaviours. When you work with us, you'll see how we
value difference and advocate inclusion. Together we:
* Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
* Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
* Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
In line with our Fair Pay Charter, we offer a competitive salary and
benefits to support your mental, physical, financial and social wellbeing.
* Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
* Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum
* Flexible working options based around home and office locations, with flexible working patterns
* Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
* A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
* Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
* Recruitment assessments -* some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers